Word: antitrusters
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...company, Microwave Communications of America (now renamed MCI Communications), that had a rival technology to send long-distance messages by microwave. When AT&T balked at carrying these messages to their final destination over local wires, McGowan went to court. He also persuaded the Justice Department to start antitrust proceedings against...
After six years of litigation, McGowan won in 1980 a judgment of $1.8 billion in damages, the largest in history, and the Government's antitrust action ended in a consent decree that last year splintered the telephone monopoly into seven regional shards. Is McGowan satisfied? Not a chance. There is a new trial scheduled this spring on the amount of damages, and McGowan plans to argue that the size of his original claim against AT&T was based on a miscalculation; that AT&T really should pay him not $1.8 billion but $5.8 billion...
...aggressive campaign to rescue the ailing machine has raised new fears about its corporate clout. Apple Chairman Steven Jobs hints that the company may be unloading its machines at prices below the cost of production. If so, it could be risking trouble with antitrust laws, which prohibit firms from selling products at a loss when the effect is to drive out competitors. The Government's decade-long antitrust case against IBM was dropped in January 1982, but a few industry executives, including Apple's Jobs and Benjamin Rosen, chairman of Compaq, are beginning to talk openly about another...
President Reagan has halted a federal grand jury investigation into alleged antitrust violations involving air travel between the U.S. and Britain. In a terse statement last week, the Justice Department said that the decision was based on "foreign policy reasons." Said Department Spokesman Mark Sheehan: "You can't expect the President to explain foreign policy decisions. It is enough for him to consider the factors and decide...
Britain, which permits its airlines to confer on prices, contended that the matter was beyond the reach of American law. Since August, the British have refused to approve proposed lower transatlantic winter fares, claiming the move could invite further U.S. antitrust actions...